SAC - SA Corporate - Update to Voluntary Announcement
SAC
SAC
SAC - SA Corporate - Update to Voluntary Announcement
SA Corporate Real Estate Fund
(Incorporated in the Republic of South Africa)
A Collective Investment Scheme in property registered in terms of the Collective
Investment Schemes Control Act, No. 45 of 2002 and managed by SA Corporate
Real Estate Fund Managers Limited (Registration number 1994/009895/06)
Share Code: SAC ISIN Code: ZAE000083614
("SA Corporate" or "SAC")
UPDATE TO VOLUNTARY ANNOUNCEMENT
Unitholders are referred to the voluntary announcement released on the
Securities Exchange News Service ("SENS") on 4 June 2012 by Capital Property
Fund ("CPL") as well as the previous announcements made by SA Corporate relating
to CPL`s unsolicited and non-binding expression of interest ("EOI") in acquiring
all the assets of SAC.
SAC has formed an independent sub-committee which, together with its advisors,
is considering SAC`s options regarding the approach by CPL. SAC is currently
meeting with major unitholders to update them on the work being performed by SAC
regarding the EOI and the recent appointment of Gerhard van Zyl as MD of SAC
with effect from 1 June 2012.
Consequently SAC is not in a position to provide comments in relation to any
aspect of CPL`s proposal at this time.
SAC will keep unitholders informed of any new developments and a further
announcement regarding the EOI will be made in due course.
Accordingly, unitholders are advised to continue to exercise caution when
trading in SAC`s units until a further announcement has been made.
5 June 2012
Investment Bank
Investec Specialist Bank
Sponsor
Nedbank Capital
Date: 05/06/2012 16:51:01 Produced by the JSE SENS Department.
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